GRP (SGX:BLU) has reported discrepancies between its audited and unaudited financial results for the fiscal year ending June 30, according to a Friday filing on the Singapore Exchange.
The engineering services provider said key variances include an adjustment in impairment of financial assets from SG$2.3 million to SG$2.1 million, a 5.46% decrease.
Trade receivables were revised from SG$1.5 million to zero, while other receivables decreased from SG$15.3 million to SG$3.2 million, representing a 79.12% drop.
Accumulated losses increased from SG$13.3 million to SG$27 million, reflecting a variance of over 100%.
These adjustments stem primarily from management's assessment of expected credit losses related to a receivable from the PRC authority and a full loss allowance for amounts due from Ratus Nautika Sdn Bhd, an indirect subsidiary.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。